TWR 0.48% $1.05 tower limited ordinary shares

Ann: S/HOLDER: TWR: Low ball offer alert

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    TWR
    12/11/2012 11:20
    S/HOLDER
    
    REL: 1120 HRS Tower Limited
    
    S/HOLDER: TWR: Low ball offer alert
    
    12 November 2012
    
    Market Information
    NZX Limited
    Level 2, NZX Centre
    11 Cable Street
    Wellington
    New Zealand
    Company Announcements Office
    
    Australian Stock Exchange Limited
    Exchange Centre
    Level 6, 20 Bridge Street
    Sydney NSW 2000
    AUSTRALIA
    
    Stock & Share Trading - another low ball offer dated 6 November 2012
    
    TOWER Limited (TOWER) has again been advised that Stock & Share Trading
    Company Pty Limited (Stock & Share Trading) has written to some TOWER
    shareholders, letter dated 6 November 2012, offering to buy TOWER shares for
    $1.00 per share. The price offered of $1.00 per share is a substantial
    discount to the current market price of TOWER shares. The market price of
    TOWER shares on the NZX was $1.92 per share at close of trading last week.
    TOWER understands that Stock & Share Trading is an Australian company, whose
    sole director and shareholder is John Armour.
    Should you as a TOWER shareholder receive such an offer, TOWER strongly
    recommends that you seek independent advice and check the most recent market
    price for TOWER shares on the NZX.
    Ends
    
    Bronwyn Walsh
    Company Secretary & Compliance Manager
    TOWER Limited
    ARBN 088 481 234 Incorporated in New Zealand
    End CA:00229586 For:TWR    Type:S/HOLDER   Time:2012-11-12 11:20:39
    				
 
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